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Ranbaxy, Reddy's say looking for M&A deals

India's Dr Reddy's Laboratories and Ranbaxy Laboratories said on Monday they are seeking acquisitions, and analysts said both drug makers could target U.S.-based Bradley Pharmaceuticals.

Tsingtao H1 soars on rising beer demand

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Tsingtao Brewery Co Ltd, China's best known beer brand, posted a 63.4 percent increase in first-half profit as rising Chinese incomes boosted demand for beer and a taste for more expensive brews.

Acer to buy Gateway, foils Lenovo

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Taiwan's Acer will buy Gateway for $710 million, creating the world's No. 3 PC maker and doubling its U.S. presence while dealing a blow to arch-foe Lenovo's efforts to grow in Europe.
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Wall Street results face scrutiny for summer meltdown

An end to Wall Street's streak of rising profits in the third quarter is built into investor expectations, but the top brokerages' results will still face scrutiny next month to see just how they value assets bloodied by the summer market meltdown.
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Indexes rally as calm prevails

U.S. stocks rose on Friday, sending the broader market to its best week in five months, as surprisingly strong economic data eased concerns about the economy's health and investors bet equities may be stabilizing after weeks of turmoil.
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Merrill could face big subprime write down

Profit at Merrill Lynch & Co. Inc. could take a big hit if the U.S. brokerage heavyweight cuts the value on nearly $1 billion in subprime lender assets it bought just eight months ago.
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Qualcomm's legal battles make it a risky bet

Betting on Qualcomm Inc should be an easy decision for an investor looking for wireless assets but the company's myriad legal battles could make it a risky choice compared with rivals like Nokia and Texas Instruments Inc.
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July new home sales and durables orders rise

Sales of new single-family U.S. homes unexpectedly rose in July and new orders for durable goods posted strong gains that underlined the economy's strength just before a credit crisis socked financial markets.
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Stricken German bank set for fast sale: sources

The owners of stricken state lender SachsenLB aim to sell the German bank quickly after its near collapse under heavy losses from U.S. subprime mortgages and other risky debt, sources familiar with the matter said.
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Fannie July mortgage portfolio swells

Fannie Mae's mortgage portfolio swelled in July, when the largest U.S. home funding company bought up cheap mortgage-backed debt, leaving it scant room to grow under current limits set by its regulator.
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Global stocks, bonds up after data

Stronger-than-expected U.S. economic data boosted stocks on Friday while bonds held early gains and the dollar fell. European stocks also got a lift from the U.S. data.
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Stocks rise after strong housing data

Stocks rose on Friday, after data showed new home sales unexpectedly rose in July and new orders for durable goods surged, reassuring investors about the economy's health, although credit concerns remained.
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New home sales rise unexpectedly

Sales of new single-family U.S. homes unexpectedly rose in July and new orders for durable goods posted strong gains that underlined the economy's strength just before a credit crisis socked financial markets. New home sales rose 2.8 percent to an 870,000 annual pace last month, reversing two months of declines.
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Monster.com took 5 days to disclose data theft

Monster.com waited five days to tell its users about a security breach that resulted in the theft of confidential information from some 1.3 million job seekers. Hackers broke into the site's resume library in one of the biggest Internet security breaches in recent memory.
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TPG still interested in Alitalia: source

U.S. private equity firm TPG is still interested in bidding for loss-making airline Alitalia and is waiting to see what conditions management would put on the sale, a source close to TPG said on Friday.
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Orders for long-lasting goods jump

New orders for long-lasting U.S.-made manufactured goods surged a much bigger-than-expected 5.9 percent in July, the biggest gain since September, and a business investment gauge posted the first gain in three months, a Commerce Department report showed on Friday.

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